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Looking at the 4 Hour timeframe It is clear that we are in the middle of this downtrend channel and BTC is obviously following it, this channel has a top and it has a bottom, you can see that we are at the bottom right now and we are looking to close the third candle under the 200MA which is not good. Nothing here says that we are going up, volume is also going...

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That small curve the 50MA is beginning to make on the chart above is worth noting (you may have to zoom in to see it) why? Because it will now act as support for BTC and this is where things get a bit more interesting. If Bitcoin can stay above the 50MA for a few candles it may stage a strong up move to the resistance red line (will we exit? Who knows) but if it...

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So that you don't sweat every little up and down move, keep an eye on the bigger picture, it helps you look at crypto in a less stressful way. The above is the 1-week chart, it helps you see where BTC has been for the last few years and more or less see where it wants to go in the future. My goal is to jump in once we hit that green X at the end of the yellow line...

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The problem is that BTC does not want to face reality, it is time to buckle under the weight of the death cross. It keeps pretending like it has the strength to defeat it by moving up once in a while but the truth is that to defeat a death cross it requires an astronomical amount of volume. Yes, exchanges can start pumping BTC anytime but we will only drop money...

cryptoGats Updated 

The death cross is here to claim its victim. You can look at a chart and not get much out of it or you can truly try to get the truth behind what the whales and algos want you to believe. You will be extremely successful once you can see the true intention of the market beyond the lie that it is trying to convince you of. The fact is that we needed a reset to a...

cryptoGats Updated 

In this post, I want to explain how I have been profitable in a rigged game. Most analysts look at fundamentals or technical indicators and either they don't know or ignore the fact that due to a lack of oversight this is a very corrupt asset class. Inherently Crypto has attracted a lot of people that have only heard of trading but have never actively traded -...

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As you can see if you draw the correct support and resistance lines it will make sense in times like this why price is not moving. Bitcoin is stuck between strong support and resistance, but it has tried to make it out of resistance more so than tested support. Imagine yourself trapped in a small space and trying to get out by punching above your head but it does...

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Bitcoin is trapped in a small triangle, supported by an old trendline and the 200MA, and currently being rejected by a weeks-old resistance line. It is running out of space and a decision has to be made very soon. Also, the volume is dipping down again which indicates that buyers are still sitting on the sidelines waiting for a clear direction. At this point, it...

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BTC has to make a decision very soon, either it keeps going downhill with the green trendline, or it hitches a ride with the 200MA and starts moving up. If it goes down with the trendline it will be going into a slippery slope. One thing you have to learn is that everything has a meaning, and when two lines converge it may stimulate price, so be ready for it. When...

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Resistance has now become support. If we stay above the trendline we will eventually hit a very enticing buy point at around November 13th. So what is the chart telling us right now? Well, we did pierce the 200MA which is a sign of weakness in this type of market, but we are still within what we can call a healthy retracement. When do we stop being part of a...

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This week let's pick one small battleground to focus our attention on. I'll also show you two strategies. The battleground first: Take a look at the 200MA (The white line) and how it is all that's holding BTC up and preventing it from falling back into the downtrend channel again. If BTC closes more than one candle below the 200MA that will increase the odds of...

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THESE ARE THE FACTS We are still under a death cross We have not made a higher high yet. We have not surpassed major resistance. Volume is only moderate. Even though we saw a massive green candle we are still on a downtrend, so short term traders make sure to use your stop losses. If I was in for short or midterm trading I would be nervous that he death cross...

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Since BTC is the supreme leader of all Crypto, my TA will mostly be about BTC. So, what can we look forward to in the next few hours or days? BTC has hit resistance in the form of the 50MA on the 3-day timeframe, but I'll explain this in the last paragraph to tie it all together. Please hit the Like button and Subscribe so that I can keep bringing this daily TA...

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This TA is for short term traders or long term traders looking to jump in. Short term traders, you need to set a "Stop Loss" and learn about resistance. So, after an up move where do you jump in? The simple answer is after the pull-back. What does that mean? When you see a big green candle take off, you wait for momentum to stop and then put a buy order at the...

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There should be a nice battle leading to 8 PM EST. Why? Because the current candle will define if we are going up or down, and it will inspire a tug of war. Right at 8 PM, this candle will close, and if it closes above the downtrend channel the odds of going up remain good, and it will be a statement that yesterday's crossover meant nothing to BTC. If we close...

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This is a comprehensive look at the facts to figure out what happened and what our next move should be. THESE ARE THE FACTS 1. 69 Billion dollars were inserted into crypto out of thin air in less than 48 hours. 2. A staggering 32 Billion dollars were sucked out overnight, essentially wiping out 50% of yesterday's gains. 3. We are still under a death cross 4....

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This is what's happening right now. Take a look at the charts below, The first one tells you how much money is currently in the Crypto world 203b. The second one is the chart that measures Bitcoin's dominance in the crypto world. So What you are seeing is that there are 203 Billion dollars in crypto right now, of which 67% is allocated to BTC. The lower that...

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Today at 8 pm EST we had the 2019 death cross. To better understand this event I will answer three questions: What does it mean? How will it affect the price of Bitcoin? What to expect? WHAT DOES IT MEAN? When the price has been in such a fast decline it prompts the faster 50MA to cross the slow-moving 200MA. This also means that the asset -- which in this case...